Angi Inc. (NASDAQ:ANGI) Shares Acquired by Mirae Asset Global Investments Co. Ltd.

Mirae Asset Global Investments Co. Ltd. increased its position in Angi Inc. (NASDAQ:ANGI) by 2.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 284,227 shares of the technology company’s stock after purchasing an additional 6,587 shares during the period. Mirae Asset Global Investments Co. Ltd.’s holdings in Angi were worth $708,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. DAVENPORT & Co LLC acquired a new position in Angi in the third quarter worth about $27,000. Barclays PLC grew its stake in Angi by 26,211.1% in the second quarter. Barclays PLC now owns 14,208 shares of the technology company’s stock worth $47,000 after purchasing an additional 14,154 shares in the last quarter. Trust Co of the South acquired a new position in Angi in the fourth quarter worth about $226,000. Mitsubishi UFJ Trust & Banking Corp grew its stake in Angi by 76.1% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 136,546 shares of the technology company’s stock worth $270,000 after purchasing an additional 59,029 shares in the last quarter. Finally, Wolverine Asset Management LLC boosted its stake in Angi by 61.8% in the third quarter. Wolverine Asset Management LLC now owns 268,860 shares of the technology company’s stock valued at $532,000 after acquiring an additional 102,653 shares during the period. 12.84% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CTO Kulesh Shanmugasundaram sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $2.41, for a total transaction of $28,920.00. Following the sale, the chief technology officer now owns 39,242 shares of the company’s stock, valued at $94,573.22. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have sold a total of 35,496 shares of company stock valued at $89,540 over the last quarter. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. The Goldman Sachs Group lifted their target price on Angi from $3.00 to $3.50 and gave the company a “buy” rating in a research note on Friday, February 16th. Royal Bank of Canada lifted their target price on Angi from $2.25 to $3.25 and gave the company a “sector perform” rating in a research note on Thursday, February 15th. StockNews.com upgraded Angi from a “hold” rating to a “buy” rating in a research note on Thursday, February 15th. Finally, UBS Group lifted their target price on Angi from $2.60 to $3.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Two analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, Angi has an average rating of “Moderate Buy” and a consensus price target of $4.23.

Angi Stock Performance

ANGI opened at $2.06 on Thursday. The business’s 50 day moving average is $2.55 and its 200-day moving average is $2.30. The stock has a market cap of $1.03 billion, a PE ratio of -25.75 and a beta of 1.96. The company has a current ratio of 1.88, a quick ratio of 1.88 and a debt-to-equity ratio of 0.47. Angi Inc. has a twelve month low of $1.54 and a twelve month high of $4.18.

Angi (NASDAQ:ANGI) last released its quarterly earnings results on Tuesday, February 13th. The technology company reported $0.01 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.02) by $0.03. Angi had a negative return on equity of 3.15% and a negative net margin of 2.84%. The company had revenue of $300.43 million for the quarter, compared to analysts’ expectations of $306.73 million. On average, analysts predict that Angi Inc. will post -0.01 earnings per share for the current year.

Angi Company Profile

Angi Inc connects home service professionals with consumers in the United States and internationally. The company operates through three segments: Ads and Leads, Services, and International. It provides consumers with tools and resources to help them find local, pre-screened and customer-rated service professionals, matches consumers with independently established home services professionals.